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The study examines the effectiveness of Ant Money Laundering laws in Tanzania the problem which was being observed by the researcher was that there are business activities which are done illegally to obtain money and later on been circulated into lawful business activities so that the government to not come into knowledge of it where by the AMLA under Section 3 stipulates such business activities constitute the offence of money laundering. The study aimed at examining the effectiveness of money laundering laws in Tanzania and it aimed to identify measures taken to fight money laundering the findings being gathered revealed that there are several measures to prevent or detect money laundering such as Money Laundering and Criminalization of Predicate Acts and Prosecution and Punishment of Money Laundering and also the other objective which is the challenges faced in fighting money laundering where the AMLA itself under Section 3 and 12 do not provide whether they create a single money laundering offence or two or five offences, arbitrariness of listing predicate offences under Section 3 of AMLA and the last is statutory bar for bail in money laundering offences as per Section 148 (5) (a) (v) of the CPA. The researcher used different approach in collecting data as through Primary Data collection by interview with Advocates, Judicial officers, State Attorneys and laymen, but also researcher obtain data through by Secondary Data as researcher used Mzumbe University Mbeya Campus College library, as well as online material. The research report consist of five chapters where by chapter one consists of introduction of the topic, chapter two consist of conceptual frame work which is based on the normal concept of the topic, chapter three consist of legal conceptual frame work chapter four consist of data analysis whereby consist the data collected and analysis of those data, and chapter five consist of the conclusion and recommendation. The study recommends that there is a need of public education or awareness or participation in money laundering as an offence. Also, the law should be revised so that the AMLA to state precisely what offences constitute money laundering and the offence to be one among the bailable offences. Also training for judges and magistrates is required because of the technical issues raised by money laundering cases. |
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